This trading week saw renewed attempts by Bitcoin to break through the significant USD 73,961 mark - but so far without success. However, the increasingly tight consolidation points to an imminent breakout. Should Bitcoin break through this threshold, the next target is set at USD 84,918, with the crypto community's ambitious psychological annual target of USD 100,000.While Bitcoin continues to defend its dynamic upward trend and I remain fully invested in my crypto portfolio, the developments in Ethereum also deserve special attention. After a period of weakness against Bitcoin this year, the approval of a new Ethereum fund has led to a sharp rise. This development could see Ethereum outperform Bitcoin in the coming weeks as it brings additional liquidity to the market.I am also keeping an eye on cryptominer stocks and plan to significantly increase these investments at the expense of other positions in the event of positive signals. The sector remains dynamic and offers attractive opportunities, albeit with the usual high risks. Of course, my comments on the high risks and the maximum proportion of the portfolio from my previous posts still apply.

Bitcoin Live Trade, showcasing Risk Management, Entry techniques and much more

BTCUSD Live Trade in m1 using SMC and Fibo Trading 

In this Newsletter, I'll drop my opinion on trending tickers in stocks, crypto, forex, commodities, indices etc, give updates on past ideas and analysis and try to explain my strategy behind my trading style. Let's go!

Last week I still had the correction on the chart, now I am assuming a direct "march through" towards 5,400 points and even then I only expect a moderate correction. This is because a positive divergence has formed in the "advanced/declineline". Roughly speaking, this indicator shows the market breadth and has expanded to a new high. At the same time, the S&P500 has not (yet) managed to do so. However, this divergence was the "tip of the scales", which is why I expect a clear continuation of the upward trend. It is interesting to note that it is no longer the technology stocks that are generating the momentum, but rather the representatives of the sectors: Energy, Utilities, Materials, Industry and Communication Services. What is particularly exciting here is the "utilities" theme, behind which the "smart grid or energy infrastructure" theme also lies.

Compared to gold or shares, for example, Bitcoin is still more or less an "asset class baby". Cryptocurrencies are also attracting many young investors. Young people are characterized by a lot of courage and strength. However, young people are also impatient. Bitcoin is forming a very nice correction scenario that would end with a weekly close above 70,000 U.S. dollars. Young investors find it difficult to watch, because they are used to fast and powerful movements and not this kind of pushing and shoving. I see a very positive scenario for this year, I am fully invested and will wait patiently for the breakout.

Within the last 7 days we've seen some very interesting price action on the GME chart which visually showcases how accurate technical analysis can be and how much reward is actually possible using the right kind of strategies.

Here's a little update on the Trade I posted yesterday:

In the Daily Chart, we have a big expansion to the downside. The Fib 0.382 & 0.618 represent swing trading targets TP1 and TP2.

Even though I only trade intraday, I still go into timeframes that are way beyond that in order to build my bias for the respecting smaller timeframe. So even though this is a 1h analysis, let's look at the weekly chart first ⬇️

The two often overlooked factors that can significantly grow a small trading account into a substantial one are the power of compounding and time. 

The key factor that one must consistently analyze in trading is the existing market conditions. Market conditions are constantly changing, transitioning from trending to ranging and vice versa, as well as shifting from periods of low volatility to high volatility.